[Mr. Jeeves]

They really don't care to much about the structure of your plan. They want your money to cover their social spending schemes, and they are going to take it - one way or another.

If you accept any kind of government tax deferral, you are giving them custody and control of your account until all taxes are paid, anyway. It's a short step for them to just, sort of, take it - and give you an IOU in its place.

[Political Junkie Too]

They really don't care to much about the structure of your plan. They want your money to cover their social spending schemes, and they are going to take it - one way or another.

My 401(k) is in company stock. How would the government "take" my money without forcing a divesture of my stocks?

Wouldn't seizing my 401(k) be a de facto nationalization of the company whose stock I hold?

-PJ